209
209
Oct 22, 2012
10/12
by
FOXNEWSW
tv
eye 209
favorite 0
quote 0
cliff of tax increases and spending cuts and what they can do to the economy and your portfolio. jenna, jon? jon: all right. keep an eye on it for us, lauren simonetti, fox business network, thank you. jenna: certainly, the economy may come up tonight as one of the national -- jon: you think it's got to, yeah. jenna: right. we'll see how that comes into the debate. much more on what to b expect tonight including what both candidates need to say to get voters on their side, we'll hear from experts on that. >>> plus, a new concern syria's civil war could have a larger impact on the middle east. could this video only be the beginning of things to come in lebanon? we'll tell you about that. >>> plus, here it is, the evidence from this weekend, jon. jon: you all look the same. jenna: well, that's me right this front looking exactly as i do on television, i know it's hard to, you know, see any difference. jon: yes! don't stand up. jenna: we certainly got down and dirty this weekend for a great cause. [laughter] i'm almost to the end. it's a cause to honor our fallen heroes. more video
cliff of tax increases and spending cuts and what they can do to the economy and your portfolio. jenna, jon? jon: all right. keep an eye on it for us, lauren simonetti, fox business network, thank you. jenna: certainly, the economy may come up tonight as one of the national -- jon: you think it's got to, yeah. jenna: right. we'll see how that comes into the debate. much more on what to b expect tonight including what both candidates need to say to get voters on their side, we'll hear from...
256
256
Dec 12, 2012
12/12
by
FOXNEWSW
tv
eye 256
favorite 0
quote 0
revenue to avoid the so-called fiscal cliff we're talking so much b. otherwise we know there will be automatic tax hikes. there are also the spending cuts that kick in starting in january. the pentagon will bear the brunt of the automatic spending cuts. some republicans say mandatory cuts are better than no cuts at all and we should put defense spending on the chopping block to accomplish the long-term goal of reducing the deficit. joining me now oklahoma congressman james langford, his second term in congress. what do you think about that, some suggesting this is in a political article that the republicans are foresee questions tracing if that is the only way to cut the debt and deficit. >> the challenge of it is this is really part sue of the debt ceiling debate we had last summer. we wanted a strategic plan to reduce the spending. the house passed that in may. we had an outlined plan to reduce spending. we had no answer from them. the see questions station wa sequestration was the last report. i haven't been in congress a longtime but i can tell you
revenue to avoid the so-called fiscal cliff we're talking so much b. otherwise we know there will be automatic tax hikes. there are also the spending cuts that kick in starting in january. the pentagon will bear the brunt of the automatic spending cuts. some republicans say mandatory cuts are better than no cuts at all and we should put defense spending on the chopping block to accomplish the long-term goal of reducing the deficit. joining me now oklahoma congressman james langford, his second...
99
99
Dec 18, 2012
12/12
by
FOXNEWS
tv
eye 99
favorite 0
quote 0
out a deal on the so-called fiscal cliff. republican congressman scott requiring gel, outspoken critic of anti-tax pledge is laying out the conservative case boosting tax revenue through tax reform. the congressman joins us now. he serves on the house homeland securities services committee. congressman rigel, you wrote a letter to every single member of congress and said you're up for boosting tax revenue? >> well, jon, thank you for having me on the show. america has a spending problem principally and my votes reflect a deep resolve to cast a difficult vote to reduce federal spending but i'm a businessman in my first elected office. a careful review of our tax code and its yield over 12 years really makes clear to me that as republicans are locking ourselves into this current tax code through the americans for tax reform pledge have locked us into a level of revenue that we've not reduced what it means for me to be a conservative, a fiscal conservative, to make sure we vote for a level of revenue that at least matches the le
out a deal on the so-called fiscal cliff. republican congressman scott requiring gel, outspoken critic of anti-tax pledge is laying out the conservative case boosting tax revenue through tax reform. the congressman joins us now. he serves on the house homeland securities services committee. congressman rigel, you wrote a letter to every single member of congress and said you're up for boosting tax revenue? >> well, jon, thank you for having me on the show. america has a spending problem...
195
195
Nov 12, 2012
11/12
by
FOXNEWSW
tv
eye 195
favorite 0
quote 0
cliff but both sides are digging in their heels whether or not to race tax rates for the wealthy. rich edson of the fox business network watching this all for us in washington. democrats got the white house, they got the senate. how are they beginning this bargaining process? >> reporter: jenna, the president says he and democrats campaigned on wealthier americans paying more in taxes. he says the voters have spoken in favor of his position. the democrats starting point? allow tax rate increases in january to hit families earning more than $250,000 a year. >> the issue is the math. that's why i think the starting point should be going back to clinton-era rates. then proceeding with tax reform. >> reporter: taxes continue to be the most significant divide between democrats and republicans. nearly all federal income tax rates are scheduled to increase in january, jenna. jenna: rich, are republicans willing to give a little bit there? >> reporter: since the election they have been far more open about discussing revenues and taxes. they opposed an increase in income tax rates, what th
cliff but both sides are digging in their heels whether or not to race tax rates for the wealthy. rich edson of the fox business network watching this all for us in washington. democrats got the white house, they got the senate. how are they beginning this bargaining process? >> reporter: jenna, the president says he and democrats campaigned on wealthier americans paying more in taxes. he says the voters have spoken in favor of his position. the democrats starting point? allow tax rate...
150
150
Oct 11, 2012
10/12
by
FOXNEWS
tv
eye 150
favorite 0
quote 0
one of the things that gets brought up in conversation is healthcare, taxes, the fiscal cliff. awful these different things. what are you watching for in the next several months that you kneel could potentially impact your business? >> exactly, this is still -- this business is about a year old this month, actually, and right now a lot of money is just going into the business, and so we're fortunate enough to have a lot of tax write offs at this point. as the company grows we'll be having to worry about this a lot more. probably the biggest impact we are having now is that banks are not lending money. even though we launched at barney's, sachs, all the big stores, barney has sold out four times since we launched, banks need to see two years of records before they even kirt. even though we've met with 10 to 12 banks they are just not lending money right now. jenna: that is interesting. we talked about the credit crisis so much throughout the years and we continue to hear it for consumer level and small businesses that loans are tough to get. what is the effect of that, if you're
one of the things that gets brought up in conversation is healthcare, taxes, the fiscal cliff. awful these different things. what are you watching for in the next several months that you kneel could potentially impact your business? >> exactly, this is still -- this business is about a year old this month, actually, and right now a lot of money is just going into the business, and so we're fortunate enough to have a lot of tax write offs at this point. as the company grows we'll be having...
238
238
Dec 5, 2012
12/12
by
FOXNEWSW
tv
eye 238
favorite 0
quote 0
i would hope that would break the fall of the fiscal cliff, which is becoming more of a slope. but we really do need to put down a down payment. reporter: a lot of maneuvering going on. steny hoyer predicted there would be movement and private in the coming days with lawmakers leaving for the weekend. perhaps that peace and quiet will be helpful. jenna: thank you so much. jenna: superstorm sandy swept away their homes, and now they are demanding action to protect against this kind of damage in the future. we will tell you about that. and an american astronaut gets ready to spend a year in outer space [ loud party sounds ] hi, i'm ensure clear... clear, huh? i'm not juice or fancy water. i've gotine grams of protein. that's three times more than me! [ female announcer ] ensure clear. nine grams protein. zero fat. in blueberry/pomegranate and peach. >> today i am pledging to cut the deficit by half of the end of my first term in office. this will not be easy. it will require us to make difficult decisions and face challenges we have long neglected. but i refuse to leave our child
i would hope that would break the fall of the fiscal cliff, which is becoming more of a slope. but we really do need to put down a down payment. reporter: a lot of maneuvering going on. steny hoyer predicted there would be movement and private in the coming days with lawmakers leaving for the weekend. perhaps that peace and quiet will be helpful. jenna: thank you so much. jenna: superstorm sandy swept away their homes, and now they are demanding action to protect against this kind of damage in...
147
147
Nov 15, 2012
11/12
by
FOXNEWSW
tv
eye 147
favorite 0
quote 0
house speaker john boehner saying this about taxes and the fiscal cliff. >> i do think that the spirit of cooperation that you've seen over the last week from myself and by team, from democrats across the aisle, from the president have created an atmosphere where i think that, i remain optimistic. jon: chris wallace is the anchor of fox news sunday, and in the spit of cooperation, he will also be in for bret baier tonight on "potential report." is this typical postelection posturing? what is it? >> well, i think you have to separate benghazi and the comments back and forth about susan rice from the fiscal cliff. i think both sides, while they have different opinions, have been trying to leave avenues of cooperation open. you hear republicans talking about raising revenue, you hear democrats including the president talking about reforming entitlements. so i don't think they're drawing any firm lines in the sand there. i have to say yesterday when it came to susan rice and benghazi was remarkably personal and sharp on both sides, both on the president and then mccain and graham on the ot
house speaker john boehner saying this about taxes and the fiscal cliff. >> i do think that the spirit of cooperation that you've seen over the last week from myself and by team, from democrats across the aisle, from the president have created an atmosphere where i think that, i remain optimistic. jon: chris wallace is the anchor of fox news sunday, and in the spit of cooperation, he will also be in for bret baier tonight on "potential report." is this typical postelection...
281
281
Dec 28, 2012
12/12
by
FOXNEWSW
tv
eye 281
favorite 0
quote 0
in order to avoid some of the tax hurts of the fiscal cliff and unemployment. reporter: while there are discussions about a final fiscal cliff deal, there is finger-pointing going on. the blame game, if you will, if everything falls apart and the u.s. economy goes over the fiscal cliff. harris: i have to tell you that wall street is starting to react for a fifth day of losses on wall street. stocks are reacting, it is the final friday before the fiscal cliff. the dow is a 55-point drop, but it has been lower at that. it is still early in the trading day yet. the forecast for today is not looking good. a fifth day of concern there among investors on wall street. jon: flirting with out 13,000 barrier. part of the looming fiscal cliff includes a castilian dollars in custom military spending. it is called sequestration. many military experts are concerned about the impact of sudden spending cuts and how it could impact national security. molly henneberg has more on that this morning live from washington. reporter: the cost will be big. the cuts will be large. if we
in order to avoid some of the tax hurts of the fiscal cliff and unemployment. reporter: while there are discussions about a final fiscal cliff deal, there is finger-pointing going on. the blame game, if you will, if everything falls apart and the u.s. economy goes over the fiscal cliff. harris: i have to tell you that wall street is starting to react for a fifth day of losses on wall street. stocks are reacting, it is the final friday before the fiscal cliff. the dow is a 55-point drop, but it...
242
242
Nov 20, 2012
11/12
by
FOXNEWSW
tv
eye 242
favorite 0
quote 0
jon: well, we hear a lot about the fiscal cliff these days but some taxes are going up no matter what happens or doesn't happen. chief national correspondent jim angle on what may be the middle part of the fiscal cliff. jim? >> reporter: you got it right. there are two key dates in the next year in health care implementation. starting january 1st, obamacare will raise taxes for health care an additional $318 billion over ten years including a new 3.8% tax on investment income, plus many reduced deductions for those of all incomes. those affected most will be small businesses, many of which pay taxes at the individual rate and get a double whammy with the simultaneous end of bush tax cuts and tax increases under obamacare, almost a 60% increase in taxes on investments. listen. >> entrepreneurs with small businesses or a certain number of workers, now they're going to be facing a four, five, ten percentage increase on their tax liabilities. that just means they're going to have less income to invest in their firm. >> for some small businesses, it could be a bit of a hardship. for other
jon: well, we hear a lot about the fiscal cliff these days but some taxes are going up no matter what happens or doesn't happen. chief national correspondent jim angle on what may be the middle part of the fiscal cliff. jim? >> reporter: you got it right. there are two key dates in the next year in health care implementation. starting january 1st, obamacare will raise taxes for health care an additional $318 billion over ten years including a new 3.8% tax on investment income, plus many...
346
346
Dec 31, 2012
12/12
by
FOXNEWSW
tv
eye 346
favorite 0
quote 0
we are going over the fiscal cliff. it will destroy our military. the first things first, let's avoid going over over the cliff. there is a deal to be had somewhere between 400,000 and 500,000 on rates. let's make sure sure we put it and the deficit. you better hope that democrats and republicans say we are not going to borrow any more money. that means adjusting the age or medicare. means testing for medicare and social security and cpi adjustments for the rate of inflation. that's what i want to raise the debt ceiling. in august 2nd of this past year 2011 we borrowed $2.1 trillion the last time we raised the debt ceiling and we've gone through that money in 17 months. we are burning money up here and it has to stop. uma: some folks are saying, why not just go over the cliff and let the country deal with it as the chips fall on that one, because some believe it's the only way to force president obama and the senate democrats to agree on fundamental tax reform. what do you think about that? >> we will get fundamental tax reform i believe as a part o
we are going over the fiscal cliff. it will destroy our military. the first things first, let's avoid going over over the cliff. there is a deal to be had somewhere between 400,000 and 500,000 on rates. let's make sure sure we put it and the deficit. you better hope that democrats and republicans say we are not going to borrow any more money. that means adjusting the age or medicare. means testing for medicare and social security and cpi adjustments for the rate of inflation. that's what i want...
200
200
Nov 26, 2012
11/12
by
FOXNEWSW
tv
eye 200
favorite 0
quote 0
jon: as the fiscal cliff looms some republicans say they will break their longstanding pledge not to raise taxes. a fair and balanced debate on that minutes ahead. >>> a mall brawl breaks out on black friday, one of the busiest shopping days of the year. you won't believe what started this one. [ male announcer ] if you're eligible for medicare, now is a good time to think about your options. are you looking for a plan that really meets your needs and your budget? as you probably know, medicare only covers about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they cover some of what medicare doesn't pay. and could save you in out-of-pocket medical costs. call today to request a free decision guide to help you better understand medicare and which aarp medicare supplement plan works best for you. with this type of plan, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networ
jon: as the fiscal cliff looms some republicans say they will break their longstanding pledge not to raise taxes. a fair and balanced debate on that minutes ahead. >>> a mall brawl breaks out on black friday, one of the busiest shopping days of the year. you won't believe what started this one. [ male announcer ] if you're eligible for medicare, now is a good time to think about your options. are you looking for a plan that really meets your needs and your budget? as you probably know,...
145
145
Dec 10, 2012
12/12
by
FOXNEWS
tv
eye 145
favorite 0
quote 0
revenue in any fiscal cliff deal, right? >> jon, no question about that. they have been consistent from the very beginning. the president ran on the upper income americans paying more taxes as part of this deal. we heard more from chuck schumer on "fox news sunday". >> we democrats realize that there have to be two sides to this bargain but we're not going back to what we did in 2011. we both revenues and cuts on the table and ended up with just getting cuts because the other side wouldn't accept the revenues. >> reporter: a lot of folks on both sides feel like this is critical week. we're getting close to the end of the year. you need to give lawmakers a chance to put whatever deal it nice legislative language and sell to constituents and ultimately vote on it and hopefully send it to the president's desk. jon. jon: we'll see what happens. not a lot of time left. mike emanuel, thank you. jenna: another u.s. drone strike delivering a blow to al qaeda. we're learning about this for the very first time today. pakistani intelli
revenue in any fiscal cliff deal, right? >> jon, no question about that. they have been consistent from the very beginning. the president ran on the upper income americans paying more taxes as part of this deal. we heard more from chuck schumer on "fox news sunday". >> we democrats realize that there have to be two sides to this bargain but we're not going back to what we did in 2011. we both revenues and cuts on the table and ended up with just getting cuts because the...
139
139
Nov 14, 2012
11/12
by
FOXNEWS
tv
eye 139
favorite 0
quote 0
blooming fiscal cliff. the president laying down a hard line on what he wants to see when it comes to taxes. of course, the fallout from the terror attack in benghazi is on the docket. this affair also in smearing america's top general in afghanistan. a lot to talk about today. our senior white house when it affairs correspondent is at the white house. we were talking about the election and the economy last week. the president had hoped to devote this week to the economy. how had his plans changed a little bit? reporter: you are right. he had planned a series of meetings aimed at showcasing his reelection. upper income tax cuts, he met with labor leaders yesterday, business leaders he will meet with today after today's news conference, which will be his first since last march. it all leads up to friday's negotiations with the leaders of the house and senate. they have until the end of year to the year to come up with a deficit reduction plan to avoid across-the-board tax hikes and spending cuts that could t
blooming fiscal cliff. the president laying down a hard line on what he wants to see when it comes to taxes. of course, the fallout from the terror attack in benghazi is on the docket. this affair also in smearing america's top general in afghanistan. a lot to talk about today. our senior white house when it affairs correspondent is at the white house. we were talking about the election and the economy last week. the president had hoped to devote this week to the economy. how had his plans...
223
223
Dec 11, 2012
12/12
by
FOXNEWSW
tv
eye 223
favorite 0
quote 1
with so much of the fight over that looming fiscal cliff focusing on tax rates we want to look at that claim, that claim specific to spending to see how it stands up with the facts. doug mckelway is live in washington with more on this story. >> reporter: good morning, jenna. the republicans claim democrats are solely focused on raising tax rates not spending cuts. democrats counter what we heard from nancy pelosi. democrats agreed to over a trillion dollars in cuts as part of the budget control act in 2011. indeed hear is the document. letter from cbo to spiker boehner laying out $915 billion in cuts between 2012 and to 21. the brookings institution it is a fact, she says pelosi was right. listen up. >> there are two different conversation going on about these numbers. one is about the cuts that are already embedded in law which is evidently what nancy pelosi was talking about and they are absolutely embedded in law and there is no question about them. >> reporter: but not so fast. keep in mind that these numbers were derived from baseline budgeting that is a washington gimmick that n
with so much of the fight over that looming fiscal cliff focusing on tax rates we want to look at that claim, that claim specific to spending to see how it stands up with the facts. doug mckelway is live in washington with more on this story. >> reporter: good morning, jenna. the republicans claim democrats are solely focused on raising tax rates not spending cuts. democrats counter what we heard from nancy pelosi. democrats agreed to over a trillion dollars in cuts as part of the budget...
152
152
Sep 7, 2012
09/12
by
FOXNEWS
tv
eye 152
favorite 0
quote 0
part of the problem is that we've got this fiscal cliff, which is not just taxes. it is tremendous cuts in spending f we go over that fiscal cliff on january 1st, even get close to it, that will send us back into recession. jenna: wow! we would like to avoid any and all cliffs on this show just for the record. just in general. mike and steve and jeffrey, thank you for the time today. appreciate it. >> thank you. >> thanks. jon: we also like to avoid all recessions too. jenna: keep it on the road, right, jon? somewhere else. not here, please. hey, the head of the democratic national committee, shauls shauls dish debbie wasserman schultz joins us next. jenna: we just showed you a live exclusive interview with presidential candidate mitt romney and his first comments on the jobs report and also on the democratic convention that just closed out last night and of course the president had a big speech as well to finish things off. let's hear from the other side reaction to the convention and jobs report and what mitt romney had to say. chairman of the democratic national
part of the problem is that we've got this fiscal cliff, which is not just taxes. it is tremendous cuts in spending f we go over that fiscal cliff on january 1st, even get close to it, that will send us back into recession. jenna: wow! we would like to avoid any and all cliffs on this show just for the record. just in general. mike and steve and jeffrey, thank you for the time today. appreciate it. >> thank you. >> thanks. jon: we also like to avoid all recessions too. jenna: keep...
222
222
Dec 21, 2012
12/12
by
FOXNEWSW
tv
eye 222
favorite 0
quote 0
as you pointed out, we have the fiscal cliff. there's the potential for a meaningful rise in the capital gains tax. and for some homeowners, um, those homeowners where they realize fairly senate gains, they -- significant gains, they make a real profit on the sale of their home -- jenna: sure. >> they will face additional tax burden as that capital gains tax goes up. jenna: so there's a rush for them. in general for the markets, though, is this a good thing, to get some closings and to have a lot of activity at the end of the year? does that set us up at all for the year ahead? >> actually, think of it like the cash for clunkers program. if you were thinking about buying a car, then maybe three months from now, four months from now but you knew if you bought it today, you'd be able to take advantage of this tax credit. be the flip side is you now by doing it now, before december 31st, the tax implications, the tax bill that you'll face is potentially lower. so we're seeing that people might accelerate their time frame. they're se
as you pointed out, we have the fiscal cliff. there's the potential for a meaningful rise in the capital gains tax. and for some homeowners, um, those homeowners where they realize fairly senate gains, they -- significant gains, they make a real profit on the sale of their home -- jenna: sure. >> they will face additional tax burden as that capital gains tax goes up. jenna: so there's a rush for them. in general for the markets, though, is this a good thing, to get some closings and to...
220
220
Aug 22, 2012
08/12
by
FOXNEWSW
tv
eye 220
favorite 0
quote 0
and predicting if we jump off the fiscal cliff looming at the end of the year, the tax increases and the spending cuts that would follow will send the country back into a recession. take a listen. >> if allowed to occur those sharp reductions in taxes and sharp reductions in federal spending and increases in taxes will lead to a dramatic reduction in the federal deficit, trimming it by almost $500 billion next year. that would be a significant tightening of fiscal policy and would probably lead to a recession early next year. uma: adam shapiro of the fox business network is standing by with more on this. adam, this is really sobering news at a time many were hoping we would work out way out of a recession even with a weak recovery. >> reporter: that's correct, uma. the white house and congress are unable to come to agreement on a deal to extend the bush tax cuts and keep us going off what everyone calls the fiscal cliff. now you have cbo painting very clearly how dire this will be. as you look at money rolling off printing presses, keep in mind if we go off the cliff we will reduce t
and predicting if we jump off the fiscal cliff looming at the end of the year, the tax increases and the spending cuts that would follow will send the country back into a recession. take a listen. >> if allowed to occur those sharp reductions in taxes and sharp reductions in federal spending and increases in taxes will lead to a dramatic reduction in the federal deficit, trimming it by almost $500 billion next year. that would be a significant tightening of fiscal policy and would...
138
138
Dec 19, 2012
12/12
by
FOXNEWSW
tv
eye 138
favorite 0
quote 0
i'd like to ask you about the other serious issue consuming this town right now the fiscal cliff. >> right. >> haven't you pre trade some of the voters who supported you in the election by changing your positions on who should get a tax increase and by including social security benefits now into this mix, and more broadly there seems to be a deepening sense that negotiations aren't going very well right now. can you give us a candid update, are we likely to go over the cliff? >> well, first of all, there is no reason why we should. remember what i said during the campaign, i thought that it was important for us to reduce our deficit in a balanced and responsible way. i said it was important for us to make sure that millionaires and billionaires paid their fair share. i said that we were going to have to make some tough cuts, some tough decisions on the spending side, but what i wouldn't do was hurt vulnerable families, only to pay for a tax cut for somebody like me. and what i said was that the ultimate package would involve a balance of spending cuts and tax increases. that is exact
i'd like to ask you about the other serious issue consuming this town right now the fiscal cliff. >> right. >> haven't you pre trade some of the voters who supported you in the election by changing your positions on who should get a tax increase and by including social security benefits now into this mix, and more broadly there seems to be a deepening sense that negotiations aren't going very well right now. can you give us a candid update, are we likely to go over the cliff?...
183
183
Oct 17, 2012
10/12
by
FOXNEWS
tv
eye 183
favorite 0
quote 0
increases known as the fiscal cliff. back to you. >> make bush v. gore look like childs play, wouldn't it? rich edson, thank you. jenna: during the presidential debate we heard a lot about libya and the administration's response. president obama saying he did describe what happened in benghazi as a terror attack the day after it happened. a fact that many have disputed as just not being true. so how come this message was so different from that of the u.s. ambassador to the u.n. susan rice just days later and the messaging several weeks later? we have a former spokesperson for the last four u.n. ambassadors to the u.n. at one time, rick you were affiliated with the romney campaign. haven't been in months including during this situation in libya. quickly off the top here, why does it matter, if they call it a terror attack the day after or two weeks later, what's the significance? >> well the significance is how you're going to call out extremist. are you going to immediately say that it's wrong, draw the lines of distinct
increases known as the fiscal cliff. back to you. >> make bush v. gore look like childs play, wouldn't it? rich edson, thank you. jenna: during the presidential debate we heard a lot about libya and the administration's response. president obama saying he did describe what happened in benghazi as a terror attack the day after it happened. a fact that many have disputed as just not being true. so how come this message was so different from that of the u.s. ambassador to the u.n. susan rice...
281
281
Nov 13, 2012
11/12
by
FOXNEWSW
tv
eye 281
favorite 0
quote 0
it is about this so-called fiscal cliff. who the president isalking to and what he is saying about reducing the debt and tax hikes as well. that story is coming up. >>> plus the investigation that led to the resignation of a cia chief. why there could be major legal fallout over what the fbi did. we'll go in depth with judge napolitano next. i'm only in my 60's... i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i looked at my options. then i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, it helps pick up some of what medicare doesn't pay. and could save you thousands in out-of-pocket costs. to me, relationships matter. i've been with my doctor for 12 years. now
it is about this so-called fiscal cliff. who the president isalking to and what he is saying about reducing the debt and tax hikes as well. that story is coming up. >>> plus the investigation that led to the resignation of a cia chief. why there could be major legal fallout over what the fbi did. we'll go in depth with judge napolitano next. i'm only in my 60's... i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i looked at...
273
273
Sep 10, 2012
09/12
by
FOXNEWSW
tv
eye 273
favorite 0
quote 0
cliff thing, you know, when the bush era tax cuts are set to expire. fox business network's rich edson is live in washington with more. rich? >> reporter: hey, jenna. you know, congress likely passes a bill next week to avoid a government shutdown. a senior aide says lawmakers may figure out measures on disaster aid and benefits for needy families, that's about it. the farm bill, a massive broad-based tax increase and deep spending cuts will all likely remain unresolved and will wait until after the november election. a top house republican blames the gridlock on senate democrats. >> the u.s. congress has been working quite a bit. it's the u.s. senate that's been stopping everything. so we don't know how much comes to fruition, but we do know we'll get through the house. it's when it gets to the senate is where it goes to die. >> reporter: and democrats blame republicans. senate majority leader harry reid in an op-ed in "politico" says republicans have hued closely to a narrow political strategy. if the president supports it, republicans oppose it. nei
cliff thing, you know, when the bush era tax cuts are set to expire. fox business network's rich edson is live in washington with more. rich? >> reporter: hey, jenna. you know, congress likely passes a bill next week to avoid a government shutdown. a senior aide says lawmakers may figure out measures on disaster aid and benefits for needy families, that's about it. the farm bill, a massive broad-based tax increase and deep spending cuts will all likely remain unresolved and will wait...
225
225
Dec 26, 2012
12/12
by
FOXNEWSW
tv
eye 225
favorite 0
quote 0
top senate democrat leader harry reid will even have a plan-c to avoid the oncoming fiscal cliff and whether either side is ready to compromise, find some common ground, to keep our paychecks from shrinking as well. peter barnes is fox business network's senior washington correspondent. and he joins us now. peter, what does all this mean specifically for our taxes? >> well, kelly, it means that on january 1st the nation faces about a $5 trillion tax increase over ten years through the expiration of the bush tax cuts and assuming that congress does not approve its annual patch for the so-called alternative minimum tax and the medicare doc fix that prevents deep cuts in medicare payments. the lapse of the bush tax cuts means top rate would revert to 39.6% from the 5% now but it would go up for lowest income earners. reverting from lowest rate to 15% from 10% now. for investors, capital gains rates would revert from 20% to 15% now. depending on the analysis the average family would pay 2,000 to $4,000 more in taxes next year. but, if you're a deficit hawk, you might be happy with this n
top senate democrat leader harry reid will even have a plan-c to avoid the oncoming fiscal cliff and whether either side is ready to compromise, find some common ground, to keep our paychecks from shrinking as well. peter barnes is fox business network's senior washington correspondent. and he joins us now. peter, what does all this mean specifically for our taxes? >> well, kelly, it means that on january 1st the nation faces about a $5 trillion tax increase over ten years through the...
291
291
Dec 13, 2012
12/12
by
FOXNEWSW
tv
eye 291
favorite 0
quote 0
cliff. we're minutes away from john boehner and his weekly press conference. the house speaker is expected to address the latest on negotiations in reaching any sort of a dealer who. we're less than three weeks to the january 1st deadline aft great deal of work needs to be done so the legislation can work through all the procedures in congress. mike emanuel is familiar with all that and joins us from capitol hill. any progress today? >> reporter: jenna we'll be waiting to listen to the carefully to the speaker's tone. obviously the key person in terms of negotiations on the republican side. at this point it feels like there is really a lack of trust on both sides. democrats are essentially saying if republicans came forward, gave us more tax revenue, we would have a deal very quickly. republicans act like it's charlie brown and the football essentially saying okay we come forward with the tax revenue and we ask you about spending cuts you are like lucy and you pull the football away and we f
cliff. we're minutes away from john boehner and his weekly press conference. the house speaker is expected to address the latest on negotiations in reaching any sort of a dealer who. we're less than three weeks to the january 1st deadline aft great deal of work needs to be done so the legislation can work through all the procedures in congress. mike emanuel is familiar with all that and joins us from capitol hill. any progress today? >> reporter: jenna we'll be waiting to listen to the...
173
173
Nov 22, 2012
11/12
by
FOXNEWSW
tv
eye 173
favorite 0
quote 0
rick: how optimistic are you, steve, on the chances of a deal on the fiscal cliff, and if there is a deal, what could that mean for the economy as a whole? >> well, you know, i think at the optimal outcome is not to raise taxes on anybody. i do think that if the president has his way and those taxes go up on investors and businesses, it's hard to see where the jobs are going to come from next year. as you know, we still have over 20 million people without a full-time job. so i think getting around this crisis in a way where everybody agrees not to raise taxes on anybody, we go into 2013, maybe that could be the year. and, boy, what a great christmas present this would be, if we actually throw out the tax system and start over. i mean, this is my, this is my new year's wish, that we could junk this tax system, get something that's pro-growth, that creates jobs for every american who wants a job. rick: so on a scale of 1-10, how optimistic are you that we're going to yet a deal like that in. >> oh, i think we will get a deal. it could take a while. you and i could be talking on christm
rick: how optimistic are you, steve, on the chances of a deal on the fiscal cliff, and if there is a deal, what could that mean for the economy as a whole? >> well, you know, i think at the optimal outcome is not to raise taxes on anybody. i do think that if the president has his way and those taxes go up on investors and businesses, it's hard to see where the jobs are going to come from next year. as you know, we still have over 20 million people without a full-time job. so i think...
220
220
Aug 17, 2012
08/12
by
FOXNEWS
tv
eye 220
favorite 0
quote 0
um, everybody here talks about the fiscal cliff that's coming due on january of next year. that is a big deal. if there aren't some changes in the law, there will be major tax hikes on businesses and households and big cutbacks in defense spending and some other areas of government spending. and, of course, we've also got a very important national election coming up, and there's a lot riding on that. president obama and governor romney have very different views about health care reform, tax policy and just the overall size and scope of government involvement in the economy. jenna: so certainly a lot of dynamics at play. we were having kind of a fun conversation before we got to air because your piece really sparked a lot of conversation about what rocky movie we're in, you know? are we in rocky iv or v where he's going bankrupt, or are we at the end where he's starting to own an italian restaurant? what rocky movie are we in right now, professor? >> well, as i recall it, in almost every rocky movie, there was a dramatic fight where he got knocked down several times before h
um, everybody here talks about the fiscal cliff that's coming due on january of next year. that is a big deal. if there aren't some changes in the law, there will be major tax hikes on businesses and households and big cutbacks in defense spending and some other areas of government spending. and, of course, we've also got a very important national election coming up, and there's a lot riding on that. president obama and governor romney have very different views about health care reform, tax...